HDFC Bank has reduced its overnight marginal cost of lending rate by 5 basis points to 8.65 percent from 8.70 percent. The bank has also reduced its one month lending rate to 8.70 percent from 8.75 percent earlier. The new rates are effective from 7th December, 2016.

24th Nov 16 HDFC Bank will accept payments through UPIs

HDFC Bank has decided to accept payments through digital payment system known as Unified Payment Interface (UPI). UPI helps the customers transfer amount through bank account number, IFSC code etc. HDFC Bank has its own digital wallet application called Payzapp.

HDFC Bank has reduced its one year fixed deposits rates for bulk deposits (Rs. one to five crores) by 0.25 percent to 6.75 percent. The revised fixed deposits rates for three year to five years are now 6.5 percent instead of 6.75 percent earlier. The new rates are applicable from 17th November, 2016.

09th Nov 16 HDFC fixed deposits rate cut to 7 percent

HDFC Bank has reduced its one year fixed deposits rate by 25 basis points to 7 percent. Two and three year deposit rates are also reduced to 7 percent. The deposit rate offered by the bank is lower than SBI which has slashed its one year deposit rate to 7.05 percent, lowest in six years.

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